BharatPe appoints ‘Sumeet Singh’ as General Counsel & Head- Corporate Strategy
Sumeet was one of the youngest partners at Shardul Amarchand (SAM)
BharatPe, India’s leading
financial services company for merchants, today announced the appointment of
‘Sumeet Singh’ as the ‘General Counsel and Head- Corporate Strategy’. The
appointment will further bolster the leadership team at BharatPe, which
currently is a mix of renowned professionals across industries.
Sumeet
Singh is a seasoned legal professional with 10+ years of experience across
leading law firms including AZB & Partners, DSK Legal and Amarchand
Mangaldas. Sumeet brings deep understanding of legal, compliance, regulatory
and structuring aspects of multiple sectors including non-banking financial,
retail, e-commerce, FMCG, digital media and technology.
Sumeet who
is expected to join BharatPe soon is currently a Partner at Shardul Amarchand
Mangaldas, New Delhi, having joined the erstwhile Amarchand Mangaldas Suresh A.
Shroff in 2013 from AZB. Sumeet has actively represented some of India’s
biggest e-commerce, retail entities, financial companies and start-ups.
Recently, he was part of the core team advising Reliance Retail Ventures
Limited, in its acquisition of the entire retail & wholesale and logistics
& warehousing business of Kishore Biyani's Future Group. He has also been
advising Norwest Venture Partners (a US$ 9 billion investment fund) in all
their recent investments in India including in Xpressbess, OFB Tech, Ess Kay
Fin Corp, Veritas Finance etc. He has been an advisor to Grofers since its early
days leading their fund raising work. Additionally, Sumeet represented
Indiamart on its pre-IPO fund raising. Sumeet’s other marquee representations
include clients like Nestle, IFC, Inshorts, IDFC Alternatives Limited (now
Global Infrastructure Partners), Qatar based Q Invest, Raine Group and
NewsCorp.
Commenting
on the appointment of Sumeet, Ashneer Grover, Co-Founder and CEO, BharatPe
said, “2020 has been an exciting and solid growth year for BharatPe. As we get
ready to welcome 2021, I would like to welcome Sumeet to the team. Sumeet will
be the first partner at a major law firm to join a startup. I’ve known Sumeet
professionally and personally for 5 years and there is no one better to steer
BharatPe on its goal to be India’s first true digital bank. He will be
responsible for corporate strategy, compliance, licensing, equity and debt
deals, ESOP schemes, cap table management and preparation for eventual
listing.”
Sumeet
added “I am excited to join Ashneer and his solid team of CXOs as they build
out a truly differentiated and capital efficient Fintech at BharatPe. The way
BharatPe has broken away from the Fintech crowd to create a solid business,
bodes well for the future and I am honoured to contribute to this amazing
growth.”
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